GPH Ispat’s earnings surge

Listed steel maker GPH Ispat's profit soared in the first half of the current financial year.

The company logged Tk 94.93 crore in profits, posting a 36 per cent rise from Tk 69.64 crore recorded during the same period a year ago.

Its earnings per share was Tk 2.17 during the July to December period, which was Tk 1.59 previously. The net operating cash flow per share dropped to Tk 0.86 from Tk 3.64.

In the one month to Thursday, stocks of GPH Ispat rose around 17 per cent to Tk 59, data from the Dhaka Stock Exchange showed. Its paid-up capital was Tk 436 crore.

On December 31, the net asset value per share of GPH Ispat slipped to Tk 27.52, which was Tk 29.86 on June 30, according to the company's un-audited financial reports.